News and Updates

SomerCor recognized as an Inc. Power Partner.

SomerCor is a 2026 Inc. Power Partner Award Winner

SomerCor Recognized as a 2026 Inc. Power Partner Award Winner The annual Inc. Power Partner...
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October 2026 SBA 504 Interest Rates

504 RatesManufacturing, Food Supply Chain, & Rural Rates*REFI Rates25 Year Terms6.97%6.74%6.97%20 Year Terms6.97%6.73%6.97%10 Year Terms6.59%6.30%6.59%The...
Business professionals discussing loan program updates.

SBA 504 Program Updates Effective in FY2027

The U.S. Small Business Administration (SBA) published guidance for the 504 loan program in SOP...
Smiling worker in safety gear at facility.

September 2026 SBA 504 Interest Rates

SBA 504 RatesSBA 504 Rates for ManufacturersREFI SBA 504 Rates25 Year Terms6.54%6.30%6.56%20 Year Terms6.53%6.28%6.55%10 Year...
Business insights article featuring Elisabeth Williams.

Daily Herald: Big Deals, Big Impact – Rethinking Small Businesses

The U.S. Small Business Administration 504 Loan program isn't just for the little guys -...
Learn about FY2027 loan fee waivers

SBA 504 Loan Fees Waived for Manufacturers

Effective October 1, 2026, the U.S. Small Business Administration (SBA) will extend fee waivers for...
Woman in hard hat smiling in a warehouse.

August 2026 SBA 504 Interest Rates

SBA 504 RatesSBA 504 Rates for ManufacturersREFI SBA 504 Rates25 Year Terms6.27%6.03%6.29%20 Year Terms6.27%6.02%6.29%10 Year...
Steps to owning your business and building

Daily Herald: Pathway to Ownership – Own the Business, Own the Building with the SBA 504

Every day the SomerCor team sees firsthand how building ownership changes the trajectory of a...
Construction professionals shaking hands at job site

SBA Doubles Cumulative 7(a) and 504 Loan Limit to $10 Million

Effective July 4, 2026, the U.S. Small Business Administration (SBA) clarified policy intended to expand...
Factory worker beside July 2026 SBA rates

July 2026 SBA 504 Interest Rates

SBA 504 RatesSBA 504 Rates for ManufacturersREFI SBA 504 Rates25 Year Terms6.17%5.93%6.19%20 Year Terms6.20%5.95%6.22%10 Year...

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